Quantbot Technologies LP Acquires New Holdings in WisdomTree, Inc. $WT

Quantbot Technologies LP bought a new position in WisdomTree, Inc. (NYSE:WT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 77,903 shares of the company’s stock, valued at approximately $1,320,000.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of WisdomTree by 101.8% in the first quarter. Principal Financial Group Inc. now owns 2,009,556 shares of the company’s stock valued at $29,259,000 after purchasing an additional 1,013,658 shares during the period. Bank of America Corp DE boosted its holdings in shares of WisdomTree by 556.4% during the 1st quarter. Bank of America Corp DE now owns 2,327,389 shares of the company’s stock worth $33,887,000 after buying an additional 1,972,847 shares during the period. Chase Investment Counsel Corp bought a new stake in shares of WisdomTree during the 2nd quarter worth $3,268,000. Capital Management Corp VA grew its stake in WisdomTree by 108.1% in the 4th quarter. Capital Management Corp VA now owns 561,886 shares of the company’s stock valued at $6,849,000 after buying an additional 291,851 shares during the last quarter. Finally, Wakefield Asset Management LLLP acquired a new position in WisdomTree in the 4th quarter valued at $1,298,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Up 1.3%

WT stock opened at $24.16 on Wednesday. WisdomTree, Inc. has a twelve month low of $10.69 and a twelve month high of $24.22. The company has a market cap of $3.66 billion, a PE ratio of 46.46 and a beta of 1.17. The business’s 50-day simple moving average is $20.07 and its 200 day simple moving average is $18.01. The company has a quick ratio of 2.73, a current ratio of 3.00 and a debt-to-equity ratio of 2.53.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. The firm had revenue of $177.16 million for the quarter, compared to analyst estimates of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The company’s quarterly revenue was up 57.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 earnings per share. On average, research analysts anticipate that WisdomTree, Inc. will post 1.18 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, August 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. WisdomTree’s payout ratio is currently 23.08%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. The Goldman Sachs Group raised their price target on WisdomTree from $16.40 to $18.30 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Oppenheimer lifted their price objective on WisdomTree from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Northland Securities boosted their price objective on WisdomTree from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Finally, Zacks Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, WisdomTree presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.46.

WisdomTree Company Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.